{"id":56368,"date":"2025-01-29T22:17:12","date_gmt":"2025-01-29T22:17:12","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/then-and-now-enbridge\/"},"modified":"2025-01-29T22:17:12","modified_gmt":"2025-01-29T22:17:12","slug":"then-and-now-enbridge","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=56368","title":{"rendered":"Then and Now \u2013 Enbridge"},"content":{"rendered":"


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Then and Now \u2013 Enbridge<\/strong><\/h2>\n

For a few years now, I\u2019ve highlighted some of the stocks and ETFs I own in my portfolio. I started a series on this site called Then and Now<\/em> to highlight current holdings or my plans to change things up.<\/p>\n

This was the first post in this series.\u00a0Today\u2019s post is an update, including if I continue to own Enbridge in my portfolio right now.<\/p>\n

Read on: Then and Now \u2013 Enbridge.<\/em><\/p>\n

Then \u2013 back in 2014 on this site<\/strong><\/h3>\n

Back in 2014, I wrote the following as part of this original post:<\/p>\n

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I\u2019m going to start a new series on my site entitled Then and Now <\/em>where I revisit some older blogposts and either rip them to shreds (because my thinking has changed since then) or I\u2019ll confirm my position on some personal finance subjects. I have no idea how often I\u2019ll run these types of posts but I figure it would be something fun to try. It might be interesting to learn from my past so I can apply those lessons learned for the future.<\/p>\n<\/blockquote>\n

I went on to write:<\/p>\n

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\u201cMy interest is in the future because I\u2019m going to spend the rest of my life there.\u201d \u2013 <\/em>Charles Kettering, American Engineer, Inventor of the electric starter, Former head of research at GM.<\/p>\n<\/blockquote>\n

Fun quote. \ud83d\ude42<\/p>\n

Today\u2019s updated post is my look back on my investing journey owning Enbridge and how that stock fits into my portfolio today (or not at all)!<\/p>\n

Then \u2013 back in 2008 to 2011<\/strong><\/h3>\n

Backing up even further, Enbridge (ENB) was my first blue-chip Canadian dividend paying stock that I owned.\u00a0<\/p>\n

I purchased ENB at a time when I was starting to unload many of my high-priced mutual funds within my Registered Retirement Savings Plan (RRSP) in particular. These were the very early days of my DIY stock investing journey \u2013 before My Own Advisor <\/em>was formally launched in 2009 and even before the Tax Free Savings Account (TFSA) existed.<\/p>\n

I recall buying Enbridge, with a $500 purchase using their Transfer Agent (then CIBC Mellon Trust), in <\/span>December 2008.<\/p>\n

I continued buying Enbridge using the Transfer Agent, taking advantage of the <\/span>full Dividend Reinvestment Plan (DRIP) throughout 2009 and into early 2010<\/a>.<\/span><\/p>\n

I stopped my full DRIP with the Transfer Agent before the end of 2010 and then in the months that followed, I transferred all existing Enbridge shares I owned at the time from that Transfer Agent to my discount brokerage taxable account.\u00a0<\/span><\/p>\n

I also purchased some ENB in my RRSP as well in 2010. I received a 2-for-1 stock split in May 2011 for all holdings.<\/p>\n

Between 2011 to 2016<\/strong><\/h3>\n

Since summer 2011, I was slowly adding to my ENB holdings here and there while ramping up purchases in other dividend paying stocks (i.e., Canadian banks stocks, utility stocks). During this time, I was also diversifying my holdings beyond Canadian stocks into low-cost indexed funds for extra diversification and growth. I was also selling some dividend ETFs I owned at the time like HDV and others. Little did I know, this approach would serve me well in the coming decade on my journey to semi-retirement\u2026<\/p>\n

From 2016 onwards<\/strong><\/h3>\n

During 2016, I started buying even more low-cost indexed funds but I didn\u2019t sell any ENB stock. The dividend raises from Enbridge kept coming in every year and with DRIPs running for this stock up until a few years ago, the number of ENB shares continued to grow thanks to those dividend reinvestment plans.<\/p>\n

Enbridge Now 2025<\/strong><\/h3>\n

I continue to own Enbridge stock at the time of this post in many accounts.\u00a0<\/p>\n

Enbridge currently makes up just under 5% of our total personal portfolio value.<\/p>\n

I have no intention of selling any Enbridge stock.<\/p>\n

I expect both growing dividend income (i.e., this is a bond-proxy for me) with some slight<\/em> long-term price growth from Enbridge over time. This will complement the income and growth of other stocks and ETFs we own for semi-retirement funding.\u00a0<\/p>\n

\"Then\"Then<\/p>\n

Source: Enbridge > Investors.\u00a0<\/em><\/p>\n

We\u2019ll see what the future holds!<\/p>\n

Over the coming year or so, as I share more about our portfolio including how that is structured for semi-retirement income and growth, I\u2019ll update some other previous posts in this series.<\/p>\n

I look forward to your comments including if you own Enbridge stock yourself, and why or why not.\u00a0<\/em><\/p>\n

Mark<\/p>\n

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Mark<\/a><\/h3>\n
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My name is Mark Seed – the founder, editor and owner of My Own Advisor. As my own DIY financial advisor, I’m looking to start semi-retirement soon, sooner than most. Find out what I did and how I realized Financial Independence to tailor your own path. Join the newsletter read by thousands. Always free.<\/p>\n<\/div>\n<\/div>\n